Goose
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Man, some folks are going go be surprised to find their Truth social investment worth peanuts. Its market cap is more than 1,000 times its annual revenue. That’s just unreal. Literally.
10:09 AM - Mar 26, 2024
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Rachael Elizabeth
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In response to Goose.
For someone not money or business inclined...what does this mean 😅
10:17 AM - Mar 26, 2024
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Goose
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In response to Rachael Elizabeth.
It means that the amount of money people have invested in the company is out of proportion to the revenue the company has brought in. Share price is theoretically about how much profit a company could make in the future, so a 1000-to-1 ratio suggests that folks are overpaying massively.
10:25 AM - Mar 26, 2024
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Rachael Elizabeth
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Ah, got it. Thank you!
In response to Goose.
10:26 AM - Mar 26, 2024
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